Branden on Nostr: It doesn't necessarily follow that there will be less money lending. While the price ...

It doesn't necessarily follow that there will be less money lending. While the price of lending will undoubtedly be higher, this will force more human capital to ideate and execute on higher quality projects. I can foresee a world where society is awash in high quality, resilient businesses, creating higher order capital goods and enabling more resilient businesses to emerge.

Remember, higher price of capital means investors make profits faster, increasing the velocity of credit in the system.